National Business Development Network (NBDN)

Description

The National Business Development Network (NBDN) is an association of 42 business centres and business incubators established under the JOBS project, with the support of the Ministry of Labour and Social Policy, the United Nations Development Program (UNDP) and the local municipalities. Our goals are: Development and strengthening of network of organizations for business support Encouraging the entrepreneurship and improving the business climate via establishment of broad partnerships Increasing the capacity of the Bulgarian entrepreneurs for the development of sustainable and competitive business in the conditions of a common European market and a globalizing world Business Inkubator A business incubator is a comprehensive business support program designed for startup and fledgling entrepreneurs to facilitate their growth and integration into a market economy by providing access to shared services, training, financing, equipment and often times physical space for the development of their business. The business incubator is a relatively new instrument for the promotion of entrepreneurship and local economic development through enterprise start-up, job creation and improved value-added production. The business incubator concept promotes grass-root initiatives and capitalization of the local economic development potential, with the intention to support regions in crisis to find their own solutions. The goal of a business incubator program is to enhance the capacity of the largest possible number of entrepreneurs in the community in order to accelerate local economic development. The NBDN Business Incubators are Centers for Small Enterprise Development. They assist start-ups, micro and small enterprises that wish to expand their business and diversify their product line. Incubated companies may stay in the business incubator for a maximum period of 3 years. The number of incubated companies at the BI's is 120, taking up premises of over 10,000 sq. m. NBDN Business incubators provide: premises below market prices a broad range of business services a microfinancing scheme business consultations training programmes market entry support The NBDN network comprises 42 business centres which are in service to the business by providing: a range of services to start-up businesses business consultations and specialized trainings market information and business contacts with local and foreign companies professional training for qualification and re-qualification aiming to increase or to keep the level the employment in the regions stimulus for the dialogue at local and national level for strengthening the trust between the public and the private sector legal, consultative and logistics assistance for credit applications promotion of the activity of local companies participation in local and international fairs and exhibitions, conferences, etc. up-to-date communication and information services, etc.